π XAUUSD (Gold) Price Forecast π
Gold is currently trading at a strong resistance level, which aligns with a supply zone and an order block. The market is poised for a potential breakout, supported by a strong bullish trend.
Key indicators confirm the bullish momentum:
- Golden crossover of the 200 EMA and 50 EMA, signaling an upward trend.
- Volume increasing on the buying side, indicating strong buyer dominance.
- If the resistance level at 2720 is broken with a strong bullish candle, Gold is expected to rally toward higher target levels.
π― Technical Target Levels:
- 2747
- 2788
π Key Highlights:
- Strong bullish trend confirmed by moving averages and volume.
- Golden crossover of 200 EMA and 50 EMA supports upward momentum.
- Watch for a breakout above 2720 for confirmation of further upside.
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